Core Viewpoint - C3.ai's stock experienced a significant decline following the announcement of CEO Tom Siebel's resignation due to health issues, raising concerns about the company's leadership transition and future performance [1][3]. Group 1: Leadership Change - CEO Tom Siebel is stepping down for health reasons, including an autoimmune disease and visual impairment [3]. - The company is actively searching for a successor to lead the organization [3]. Group 2: Stock Performance - Following the announcement, C3.ai's stock price fell by 10.8% in a single day and has decreased approximately 24.5% throughout 2025's trading [1][5]. - Despite the overall decline, Wedbush Morgan maintains an outperform rating on the stock with a one-year price target of $35 per share, suggesting a potential upside of around 35% from the current valuation [4]. Group 3: Financial Performance - C3.ai reported a year-over-year sales increase of approximately 36%, reaching $108.7 million in the fourth quarter of the last fiscal year, which ended on April 30 [5]. - The company's stock performance has lagged behind other major AI companies, primarily due to concerns regarding profitability [5].
Why C3.ai Stock Plummeted Today